Property details

We are excited to announce the launch of our latest project, Al Souq Al Baladi, and we would like to extend an exclusive invitation to you to join us for the unveiling of the project. Your expertise and network in the industry make you a valued partner, and we believe this project will present significant opportunities for your clients. Please find the main information about the project outlined in the below: Project Overview: Al Souq Al Baladi - Khalifa City is a retail complex designed and built by the Department of Municipalities and Transport, which will be rented to investors for the purpose of providing services to residents of residential areas so that the market meets all their requirements, including household needs and personal needs, such as food. The market includes food, vegetable, and other stores. The municipal market in Khalifa is still under construction and will be opened soon. Souq Opening Hours: The Souq operates from 8:00 AM to 12:00 PM, Monday to Sunday. Unit Details: 4 Coffee shops - 36 SQM for each 3 Meat Grill Stations - 42 SQM for each 3 Meat Shops - 86 SQM for each 3 Poultry Shops - 25 SQM for each 4 Vegetable Shops - 42 SQM for each open area for Vegetable - 430 SQM 8 Retail spaces - 430 SQM 8 Retail spaces - 42 SQM for each BOOTHS AREA - 288 SQM Project Specifications: Prime location in Khalifa A City Limited availability of shell & core retail shops. Brand-new building with modern facilities. Submission Process: Required Documents: Valid trade license Memorandum of association Passport copies Emirates ID (EID) of the authorized signatory Power of Attorney (POA) Brand profile AECB (Credit score) Bank statements for the last 6 months Annual rent proposal (not below the starting rental rate, sealed in an envelope) Security deposit cheque (10% of the proposal rate, also in a sealed envelope). Submission Deadline: All documents must be submitted by Monday 9th September 2024. Payment Terms: 3 Payments Document Handover: Tenants should deliver all required documents and security deposit cheques to the ASTECO Management office in Al Raha Beach Area.